GSIG vs. OVT
GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. GSIG is passively managed, while OVT is actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. GSIG charges 0.14%/yr vs 0.80%/yr for OVT.
Performance
GSIG vs. OVT - Performance Comparison
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Returns By Period
GSIG
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
OVT
- 1D
- 0.07%
- 1M
- 0.12%
- 6M
- 2.13%
- YTD
- 2.80%
- 1Y
- 6.31%
- 3Y*
- 7.17%
- 5Y*
- 2.85%
- 10Y*
- —
- ALL TIME*
- 2.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $456.18K | $369.81K | $307.72K |
GSIG vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.68% | 6.69% | 4.72% | 6.06% | -5.80% | -0.61% |
OVT Overlay Shares Short Term Bond ETF | 2.80% | 7.61% | 7.44% | 7.73% | -9.68% | 1.73% |
Correlation
The correlation between GSIG and OVT is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.65 |
The correlation between GSIG and OVT shifts across timeframes, from 0.53 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSIG vs. OVT — Risk / Return Rank
GSIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OVT
GSIG vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and Overlay Shares Short Term Bond ETF (OVT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSIG | OVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.09 | — |
| Martin ratioReturn relative to average drawdown | — | 11.23 | — |
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Drawdowns
GSIG vs. OVT - Drawdown Comparison
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Drawdown Indicators
| GSIG | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -13.59% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.59% | — |
Current DrawdownCurrent decline from peak | — | -0.23% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.31% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
GSIG vs. OVT - Volatility Comparison
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Volatility by Period
| GSIG | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.70% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.69% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.54% | — |
GSIG vs. OVT - Expense Ratio Comparison
GSIG has a 0.14% expense ratio, which is lower than OVT's 0.80% expense ratio.
Dividends
GSIG vs. OVT - Dividend Comparison
GSIG's dividend yield for the trailing twelve months is around 3.60%, less than OVT's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 3.60% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% |
OVT Overlay Shares Short Term Bond ETF | 7.62% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% |
Frequently Asked Questions
GSIG and OVT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSIG is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSIG is cheaper with a 0.14% expense ratio, compared with 0.80% for OVT.
OVT has the higher dividend yield at 7.62%, compared with 3.60% for GSIG.
They also come from different issuers: Goldman Sachs and Liquid Strategies. Their fees differ too: 0.14% for GSIG and 0.80% for OVT.
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